Question

record the following transactions of ms mahipal bros in proper subsidary books post them into the leger and take out a trial balance
1 commenced Business with cash 200000
2 Deposited into bank 175000
3 gave cgeque to dilip for 40000 trade discount 20%
4 Goods bought from niles for cash 14000
5 accepted a bill at 2mnth for 15000 drawn by dilip
6 Bought goods from suresh 75000
7 Paid to sures a cheque of 58800 after receiving discount of 2%
8 cash sales made to jyoti 8000
9 sold goods to mohinder for 20000
10 good returned by mohinder 1500
11 received from mohinder 7900 after allowing a discount of 1.25%
12 Goods sold to banerjee 50000
13 Deposited into bank 20000
14 goods taken for personal use 2000
15 Purchased furniture 40000 and typewriter 10000 for office use payment for both is made by cheque
16 sold goods to abhinav 30000
17 goods returned by abhinav 5000
18 received full pyment from banerjee by cheque sent it to bank. discount allowed 2%
19 acceptance received from abhinav at 30 days for te amt due from him
20paid for stationery 400 and for postage 200
21 Rent for propreitory house paid by cheque 2500

Answer 1

Explanation:

the total amount is 08,02,300